Velarion Records

Short-term acute care hospital · Statesville, North Carolina · 16 beds · CMS certification number 340144

Davis Regional Medical Center

Its Medicare cost reports, read cell by cell. Latest filing: fiscal year ended May 4, 2023, settled, stamped by CMS November 18, 2025. 27 years on file, every one shown below.

Fiscal 2023 at a glance

Net patient revenue
$6.3M
$6,250,205 · G-3 line 3
Operating expenses
$13.3M
$13,333,774 · G-3 line 4
Result from patient care
−$7.1M
−$7,083,569 · G-3 line 5
Margin on patient care
−113.3%
line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue fell from $41.7M in its first year on file (1997) to $6.3M in 2023.
  • Its result from patient care: $669K (2021), −$6.0M (2022), −$7.1M (2023).
  • 1 of the 4 short-term acute care hospital peers below with a margin on file also reports a loss on patient care for fiscal year 2023.
  • Medicaid paid for 2.0% of its inpatient days and Medicare for 8.6%.

Every statement is drawn from figures on this page; nothing is estimated.

27 years of filings

Net patient revenue against operating expenses, each year as filed.

Net patient revenueOperating expenses
1997
settled
$41.7M
$37.8M
1998
settled
$37.2M
$42.4M
1999
settled
$10.0M
$12.6M
2000
settled
$36.8M
$48.8M
2001
reopened
$43.4M
$37.0M
2002
settled with audit
$52.5M
$41.7M
2003
settled
$57.3M
$44.1M
2004
settled
$58.5M
$45.4M
2005
reopened
$58.1M
$46.4M
2006
reopened
$53.1M
$48.4M
2007
reopened
$58.1M
$52.0M
2008
reopened
$49.6M
$44.7M
2009
reopened
$51.0M
$45.2M
2010
reopened
$64.1M
$55.1M
2011
reopened
$61.6M
$58.5M
2012
reopened
$64.1M
$63.8M
2013
reopened
$74.3M
$65.3M
2014
reopened
$62.8M
$60.9M
2015
settled
$64.9M
$64.3M
2016
settled
$56.5M
$53.8M
2017
settled
$59.0M
$54.8M
2018
settled
$54.2M
$55.6M
2019
settled
$57.4M
$56.6M
2020
settled
$51.4M
$54.3M
2021
settled
$59.8M
$59.2M
2022
settled
$48.9M
$55.0M
2023
settled
$6.3M
$13.3M

Beside its peers

Hospitals of the same type (short-term acute care hospital), nearest in size, from North Carolina first; each on fiscal year 2023.

HospitalBedsNet patient revenueOperating expensesMargin
Davis Regional Medical Center16$6,250,205$13,333,774−113.3%
Atrium Health Anson, Wadesboro15$29,326,757$23,628,95419.4%
Cherokee Indian Hospital Authority, Cherokee34$133,142,290
Novant Health Medical Park Hospital, Winston-Salem22$92,080,328$76,922,37616.5%
North Carolina Specialty Hospital, Durham18$70,935,213$62,069,03512.5%
Mission Hospital McDowell, Marion30$65,656,787$70,037,487−6.7%

Patients and payers

Discharges
351
S-3 line 14, col 15
Inpatient days
2,794
S-3 line 14, col 8
Beds in use, on an average day
13.0
days ÷ days in year
Occupancy
80.8%
days ÷ bed days
Medicare share of days
8.6%
S-3 cols 6 ÷ 8
Medicaid share of days
2.0%
S-3 cols 7 ÷ 8

Who owns it

Related organizations on its own cost report: CHS, hospital management.

Type of control on its cost report: proprietary, corporation.

Follow this hospital, free

We send this record now and tell you when it files again.

More short-term acute care hospitals in North Carolina

From the publisher of Velarion Records

Velarion Intel

Independent Decision-Grade Intelligence

Compensation and corporate governance intelligence for advisors, investors and companies. Executive and board pay for public companies, benchmarked against peers.

See what Intel shows

Figures: CMS Healthcare Cost Report Information System, file HOSP10FY2023.ZIP, form CMS-2552-10, filed under CMS certification number 340144. Patients and payers: worksheet S-3 Part I of the same filing.

How this page was built: the CMS Medicare cost report, file HOSP10FY2023.ZIP, read November 18, 2025.